Companies manufacturing photographic equipment are one of the major consumers of silver apart from the electrical and electronics sector. These are bound to be affected with increased prices of silver.
Kodak India is up 10.61 per cent since the beginning of November to end the day today at Rs 375 against its price of Rs 339 at the beginning of November.
Jindal Photo which has appreciated by 5.26 per cent since the beginning of November ended the day at Rs 26 as against its close of Rs 24.70 on November 1.
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Phil Corporation saw a depreciation of 19.85 per cent, among other photographic equipment stocks. It ended the day at Rs 5.45 against its close of Rs 6.80 from the beginning of November.
The photographic process is based on the presence of light sensitive silver halide crystals prepared by mixing a solution of soluble silver usually silver nitrite with a soluble alkali metal halide such as sodium chloride or potassium bromide. Photographic film is used in radiography, the graphic arts and consumer photography and the movies.
Photographic films require very high quality silver. Silver of 999 purity, the highest purity in the metal does not get tarnished easily.